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FOR IMMEDIATE RELEASE
Contact:
Nancy White
The Natural Marketing Institute
215.513.7300 ext. 225
Nancy.White@NMIsolutions.com
NMI Presents New Research: The Boomer From A to Z
Anaheim, Ca. (March 18, 2006) – Steve
French, Managing Partner of The Natural Marketing Institute
(NMI), presented key findings from a recent survey of American
Baby Boomers at the NCOA/ASA Conference in Anaheim, CA on
March 18, 2006. Also presenting were Xenia Montenegro
from AARP and Colin Milner from ICAA in a session entitled “How
Baby Boomers Are Redefining the Healthy Aging Market”.
NMI’s presentation, “The Boomer from A to Z” focused
on 26 different aspects of healthy aging relative to Boomers
and highlighted all-encompassing insight into this influential
portion of the American population. The 26 aspects
covered were:
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- Physical Fitness & Exercise
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- Zooming in on the Boomers
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Excerpts from NMI's presentation include:
Anti-Aging: The older a Boomer gets, the younger
they want to feel. The top three reasons for a healthy lifestyle
include the desire to live longer, to look better, and to
reduce the effects of aging. This shows a continued trend
toward the importance of physical appearance.
Caregiving: More than 4 in 10 have ever cared for
a loved one with a serious illness or disability. Today,
15% of Boomers are caregivers --- almost 12 million Americans.
The two primary challenges to caregiving include emotionally
dealing with the loved one, followed by having enough time.
Energy: Boomers cite a large difference between their
needs as relating to energy and their satisfaction. While
66% say that energy level is very important, only 16% are
very satisfied with their energy level. And 38% indicate
that fatigue is their biggest fear about aging.
Government: 58% are aware of Medicare Part D program
for prescription medications. While the majority state they
are not eligible, only 20% plan to sign up when the are eligible
and 41% are unsure.
Investments and Savings: The median net worth
of Boomers is $78,000. 57% consider themselves spenders rather
than savers and 15% admit to having no investments – creating
dilemmas for their retirement.
Job & Retirement: Boomers
feel they will retire at 65 and 70% would like to get a
part time job they really enjoy after they retire. Of those
who are already retired, the average age was 55.
Leisure & Travel: Almost 60% of Boomers
would like more travel options for people their age. They
take an average of three vacation trips per year – similar
to Generation Y and Generation X.
Old Age: According to Boomers, “old age” begins
at 65. Boomers expect to live to age 82 and want to live
to 90 years of age.
Quandaries: Almost all Boomers
(95%) feel a healthy lifestyle is more important as they
get older, yet 2 out of 10 feel the lifestyle choices they
make don’t have
any real impact on their health. 82% believe advances in
healthcare are going to extend their lifespan.
Supplements: 80% of Boomers would rather use vitamins,
minerals and supplements than Rx medications to stay healthy,
but 73% feels there is too much conflicting info about what
supplements they should take.
Technology: Boomers show high comfort level
regarding technology with 8 out of 10 indicting they are
comfortable using new technologies and that it’s a
vital part of their lives. 95% use email regularly and 81%
use technology to stay connected with family.
View of Themselves: While Boomers age 41-49 consider
themselves stressed, depressed, burnt out and anti-social,
those aged 50-60 view themselves as a home body, traditional,
patriotic, optimistic, spiritual and living a balanced life.
Youth: A quarter of Boomers are
youth seekers, looking for the next “fountain of youth” remedy and want
health products that are hip, cool and trendy. Over one-third
specifically maintain a healthy lifestyle to “look
young”.
According to French, “The Healthy Aging/Boomer
Database™ was created by NMI to allow us to examine
one of the most influential segments of our society, both
economically and ideologically. The research is used to
identify drivers of shifting Boomer paradigms, determine
unmet Boomer needs, explore underlying Boomer attitudes,
and identify marketplace opportunities.”
Conducted in January 2006 among 1,502
Boomers aged 41-60, the data is nationally representative,
balanced to the U.S. Census, and has a margin of error
of +/- 2.6% For more
information on NMI’s Healthy Aging/Boomer Database™,
visit NMI’s website at www.nmisolutions.com/healthy_aging.html or
contact us at 215-513-7300.
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NMI is a strategic consulting, market
research, and business development company specializing
in the health, wellness, and sustainable marketplace. For
more information on NMI’s
other proprietary research reports and services, visit NMI’s
web site at www.NMIsolutions.com.
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